The number of new business applications has exploded since 2020
4-week moving average
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
0
10K
20K
30K
40K
50K
60K
70K
80K
90K
100K
110K
120K
